News for 'customs act'

LS adjourned for the day as Oppn creates ruckus over misuse of ED, price rise

LS adjourned for the day as Oppn creates ruckus over misuse of ED, price rise

Rediff.com4 Aug 2022

As soon as the House met at 2 pm, papers were laid on the table and two resolutions adopted amid slogan shouting and protest by Congress members.

Hotels, restaurants barred from levying service charge

Hotels, restaurants barred from levying service charge

Rediff.com4 Jul 2022

Amid rising consumer complaints, the Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from levying service charge automatically or by default in food bills and allowed customers to file complaints in case of violation. The CCPA has issued guidelines for preventing unfair trade practices and violation of consumer rights with regard to levying of service charge. "No hotels or restaurants shall add service charge automatically or by default in the bill," CCPA chief commissioner said in the guideline.

How To MANAGE INCREASING EMIs

How To MANAGE INCREASING EMIs

Rediff.com24 May 2022

Gaurav Mohta lists three ways to ensure a smooth financial situation for your family despite rising interest rates.

How Social Media Turned Porn Biz Upside Down

How Social Media Turned Porn Biz Upside Down

Rediff.com27 Aug 2022

Social media allowed them to connect even more directly with potential clients, and gave them multiple new marketing and outreach channels, explains Devangshu Datta.

MHA directs NIA to probe foreign hand in Udaipur tailor's murder

MHA directs NIA to probe foreign hand in Udaipur tailor's murder

Rediff.com29 Jun 2022

The Union home ministry on Wednesday directed the National Investigation Agency (NIA) to take over the investigation of 'brutal murder' of a tailor in Udaipur and probe involvement of any organisation and international links.

'Polyester Flags Go Against The Ethos Of Freedom Movement'

'Polyester Flags Go Against The Ethos Of Freedom Movement'

Rediff.com26 Jul 2022

'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'

India's E-Commerce: Great Leap Forward

India's E-Commerce: Great Leap Forward

Rediff.com8 Jan 2022

Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.

ED registers money laundering case in Kerala gold smuggling

ED registers money laundering case in Kerala gold smuggling

Rediff.com22 Jul 2020

The ED case has been booked under the Prevention of Money Laundering Act (PMLA) and the agency will record the statement of the accused. The central agency will investigate if proceeds of crime were generated by the accused by laundering of funds that were earned through the alleged gold smuggling racket.

'I have a learners' license. Will my accident claim be accepted?'

'I have a learners' license. Will my accident claim be accepted?'

Rediff.com12 Oct 2022

Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.

What is supreme, nation or religion, asks Madras high court in plea on dress code

What is supreme, nation or religion, asks Madras high court in plea on dress code

Rediff.com10 Feb 2022

In an observation that came against the backdrop of a raging debate over the 'hijab' row in Karnataka, the first bench of Acting Chief Justice M N Bhandari and Justice D Bharatha Chakravarthi bemoaned that of late, certain forces have raised controversies relating to dress code and it is spreading all over India.

Why Did TN Governor Omit Dr Ambedkar's Name?

Why Did TN Governor Omit Dr Ambedkar's Name?

Rediff.com10 Jan 2023

According to state government sources, not only did the governor insert some corrections, but he also initialled the final draft after those corrections had been made, reveals N Sathiya Moorthy.

Maharashtra ATS seizes 7 kg of 'highly radioactive' uranium; 2 arrested

Maharashtra ATS seizes 7 kg of 'highly radioactive' uranium; 2 arrested

Rediff.com7 May 2021

The Maharashtra Anti Terrorism Squad has seized over 7 kg of natural uranium worth about Rs 21.30 crore and arrested two persons in this connection, an official said on Thursday.

Collectors' items: Some of these exotic pets cost Rs 150,000!

Collectors' items: Some of these exotic pets cost Rs 150,000!

Rediff.com3 Jul 2022

White-lipped tamarin is a type of monkey that lives in the Amazon area of Brazil and Bolivia. Prevost's squirrel is a colourful species from the forests in the Thai-Malay Peninsula and nearby islands. Sugar gliders are tiny marsupials - 6.3 to 8.3 inches in length - native to Australia.

Have You Read This Story About Hope?

Have You Read This Story About Hope?

Rediff.com13 Mar 2023

'The Elephant Whisperers is a hopeful story of respect and cooperation with nature in an era rife with conflict and threat to our beautiful planet.'

How HDFC Bank lost Rs 50k-cr corporate loans

How HDFC Bank lost Rs 50k-cr corporate loans

Rediff.com25 Jul 2022

HDFC Bank, the country's largest private-sector lender, lost to competition wholesale loans of around Rs 50,000 crore after it increased interest rates in May, said Chief Financial Officer Srinivasan Vaidyanathan in an analyst call. "There were some customers who were offered lower rates by other market participants. "But we decided not to cut back on our rates," he said while addressing analysts after the announcement of the bank's Q1 earnings.

Festivals boost demand for gig workers as economy opens up: Experts

Festivals boost demand for gig workers as economy opens up: Experts

Rediff.com21 Oct 2021

Amid the ongoing festival season in the country, the hiring of gig workers has zoomed across sectors as the businesses have begun opening up leading to an uptick in consumer sentiments and rising pent-up demand, according to experts. "In the third quarter, with the onset of festive season, we are witnessing a 400 per cent spike in the hiring for gig workers. Earlier, in the first quarter of this year, as many businesses and companies were not operating at full strength, growth was muted. "However, things began picking up and became more promising from the second quarter, as the demand for gig workers across sectors grew," Taskmo, a subsidiary of Quess Corp, co-founder Prashant Janadri told PTI.

Why Ola decides to recall 1,441 units of S1

Why Ola decides to recall 1,441 units of S1

Rediff.com25 Apr 2022

Ola Electric became the latest among electric scooter (e-scooter) makers to have started the exercise of recalling a specific batch of its model after a rap on the knuckles by the government. Union Minister of Road Transport & Highways Nitin Gadkari on Thursday advised electric vehicle (EV) companies to act responsibly by identifying and recalling defective batches without waiting for orders or guidelines from the ministry. The Bengaluru-based start-up is conducting pre-emptive diagnostics and health check on 1,441 scooters, it said in a statement on Sunday.

'He never changed religion, is Qazi above Constitution', asks Wankhede's wife

'He never changed religion, is Qazi above Constitution', asks Wankhede's wife

Rediff.com27 Oct 2021

"Is that Qazi above the Constitution? He should produce papers to show Sameer Wankhede had converted (to Islam) to marry his first wife," Redkar said, adding Wankhede had performed the 'nikah' in 2006 only to fulfil the wish of his late mother, who was Muslim.

Is Tourism Destroying Goa?

Is Tourism Destroying Goa?

Rediff.com24 Feb 2023

Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.

Ford dealers staring at huge loss: FADA

Ford dealers staring at huge loss: FADA

Rediff.com9 Sep 2021

Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday. Terming the company decision as shocking, the industry body noted that the dealers have invested over Rs 2,000 crore in creating sales infrastructure while employing around 40,000 people across the country. "The auto retail fraternity is really shocked to hear another Ford India's announcement where it has said that it will shut down production with immediate effect," FADA president Vinkesh Gulati said in a statement.

The famous five taking on shady Chinese lending apps

The famous five taking on shady Chinese lending apps

Rediff.com27 Oct 2020

A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.

HC dismisses Future's plea for termination of Amazon case

HC dismisses Future's plea for termination of Amazon case

Rediff.com4 Jan 2022

The Delhi high court on Tuesday dismissed the pleas moved by Future Group companies seeking a direction to the arbitration tribunal, which is adjudicating on Amazon's objections against their deal with Reliance, to take a decision on their application for the termination of the arbitration proceedings before moving any further. "Both the petitions are dismissed," said Justice Amit Bansal, who had reserved the order on the petitions filed by Future Coupons Private Limited (FCPL) and Future Retail Limited (FRL) on January 3. The judge said the orders would be uploaded on the website of the high court shortly.

Gujarat, Karnataka are best states for start-ups

Gujarat, Karnataka are best states for start-ups

Rediff.com4 Jul 2022

Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Among smaller states having population of less than one crore, Meghalaya has been adjudged as the best performer. The rankings are based on the initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.

5 things to look out for in Family Man 2

5 things to look out for in Family Man 2

Rediff.com4 Jun 2021

As The Family Man season 2 premieres on Amazon Prime Video on June 4, Subhash K Jha lists five things to watch out for.

India's IT firms have big plans for UK

India's IT firms have big plans for UK

Rediff.com4 May 2021

IT firms Infosys and Mphasis on Tuesday said they will create employment for about 2,000 people, while Wipro will invest pound 16 million (about Rs 163 crore) in the UK over the next few years. The announcements were made ahead of the virtual summit between UK Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. Infosys said it plans to hire 1,000 workers in the UK over the next three years as part of efforts to support the country's economic recovery and growth.

Two-day all India strike from Monday may hit essential services

Two-day all India strike from Monday may hit essential services

Rediff.com27 Mar 2022

The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.

Faster roll out of 5G to have greater impact: Airtel

Faster roll out of 5G to have greater impact: Airtel

Rediff.com21 Apr 2022

Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.

Vivo told to give Rs 950 cr bank guarantee to ED to operate frozen A/Cs

Vivo told to give Rs 950 cr bank guarantee to ED to operate frozen A/Cs

Rediff.com13 Jul 2022

The Delhi high court on Wednesday allowed Chinese smartphone maker Vivo to operate its various bank accounts frozen by the Enforcement Directorate in connection with a money-laundering probe subject to furnishing of a bank guarantee of Rs 950 crore within a week with the agency. Justice Yashwant Varma also directed the company to give details to ED about its remittances and issued notice to the investigating agency on Vivo's plea seeking quashing of the order freezing its various bank accounts. ED contended that presently the proceeds of crime have been quantified to Rs 1200 crore.

Vivo sent Rs 62,476-cr worth turnover to China to avoid getting taxed in India: ED

Vivo sent Rs 62,476-cr worth turnover to China to avoid getting taxed in India: ED

Rediff.com7 Jul 2022

A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. This money is almost half of Vivo's turnover of Rs 1,25,185 crore, it said without stating the time period of the transaction. The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.

West Bengal's power to withhold consent to CBI not absolute: Centre to SC

West Bengal's power to withhold consent to CBI not absolute: Centre to SC

Rediff.com22 Oct 2021

The Centre has told the Supreme Court that West Bengal's power to withhold consent to the Central Bureau of Investigation is not absolute and the probe agency is entitled to carry out investigations that are being carried out against Central government employees or have a pan-India impact.

Why are RBI and Sebi silent on illegal digital dabba trading?

Why are RBI and Sebi silent on illegal digital dabba trading?

Rediff.com29 Jul 2021

If Sebi and RBI remain quiet about this brazenly illegal activity, will someone in the finance ministry or the NITI Aayog take a closer look, asks Debashis Basu.

Udaipur man killed over 'insult to Islam'; 2 arrested

Udaipur man killed over 'insult to Islam'; 2 arrested

Rediff.com28 Jun 2022

Accused circulated a video of themselves confessing to the killing and threatened to take PM Modi's life

TAX GURU: 'Can this help save capital gain tax?'

TAX GURU: 'Can this help save capital gain tax?'

Rediff.com8 Jun 2022

Anil Rego, CEO, Right Horizons, answers your personal income tax queries.

Investors continue to be bullish on gold ETFs

Investors continue to be bullish on gold ETFs

Rediff.com11 Mar 2021

Investors pumped Rs 491 crore in gold exchange traded funds (ETFs) in February as they seem be taking advantage of the lower domestic prices caused due to declining international rates, appreciating rupee and reduction in custom duty. This came following a net investment of Rs 625 crore in January and Rs 431 crore in December. Prior to this, gold ETFs had seen an outflow of Rs 141 crore in November, data available with Association of Mutual Funds in India showed.

Why has SBI's stock risen 127.46%?

Why has SBI's stock risen 127.46%?

Rediff.com16 Jun 2021

Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.

Why RBI imposed curbs on HDFC Bank for service outages

Why RBI imposed curbs on HDFC Bank for service outages

Rediff.com4 Dec 2020

The need to maintain people's confidence in digital banking resulted in the action against HDFC Bank for service outages, RBI Governor Shaktikanta Das said on Friday and exhorted lenders to invest more on the technology front.

Budget 2022: Insurers want investment limit of 80C hiked

Budget 2022: Insurers want investment limit of 80C hiked

Rediff.com26 Jan 2022

Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.

Strolling down the street

Strolling down the street

Rediff.com22 Mar 2022

... and I learn more about economic trends than from books, says Ajit Balakrishnan.

How start-ups are shaking up offline pharma business

How start-ups are shaking up offline pharma business

Rediff.com3 Aug 2022

Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. With the entry of online pharmacies, this space has started to witness a shake-up. Sample this: Dawaa Dost, a Rajasthan based digital health start-up, generates medicine orders from 'kirana' stores and women self-help groups (SHGs) that operate in villages, and then service these orders through its affiliated network of pharmacies. Biddano, another health-tech start-up, has a platform that acts as an aggregator for neighbourhood chemist shops.

IPL: Gujarat start as favourites vs Royals in Qualifier 1

IPL: Gujarat start as favourites vs Royals in Qualifier 1

Rediff.com23 May 2022

Debutants Gujarat Titans will start as favourites against spin-heavy former champions Rajasthan Royals when the two teams face-off in the first IPL Qualifier, at the Eden Gardens in Kolkata, on Tuesday.